Amreli Steels Ltd. · PSX:ASTL
Amreli Steels — H1 FY2020 Earnings Presentation
14 slides from Amreli Steels's earnings presentation, December 2019
Slide 1: Results For The Quarter and Half Year Ended 31 December 2019
Results For The Quarter and Half Year Ended 31 December 2019
Slide 2: Key Highlights
Key Highlights HALF YEAR ENDED 31 DEC. 2019 HALF YEAR ENDED 31 DEC. 2018 Gross Profit Margin 9.26% Gross Profit Margin 12.38% Operating Profit Margin 4.58% Operating Profit Margin 8.02% Net Loss Margin 2.30% Net Profit Margin 4.19% Loss Per Share 1.06 Earning Per Share 1.74
Slide 3: Key Highlights
Key Highlights QUARTER ENDED 31 DEC. 2019 QUARTER ENDED 30 SEPT. 2019 Gross Profit Margin 7.87% Gross Profit Margin 10.99% Operating Profit Margin 3.36% Operating Profit Margin 6.09% Net Loss Margin 3.08% Net Loss Margin 1.33% Loss Per Share 0.78 Loss Per Share 0.27
Slide 4: Profit or loss statement
Profit or loss statement Half year 31 Half year 31 Qtr. Ended 31 Qtr. Ended 30 % % % % Dec. 2019 Dec. 2018 Dec. 2019 Sep. 2019 Rs.000 Rs.000 Rs.000 Rs.000 Sales 13,642,337 100 12,317,227 100 7,555,356 100 6,086,982 100 Cost Of Sales (12,378,447) 90.74 (10,791,903) 87.62 (6,960,699) 92.13 (5,417,748)
Slide 5: Quantity and Price Variance – 1st Half Dec-19 vs 1st Half Dec-18
QUANTITY AND PRICE VARIANCE – 1st Half Dec‐19 VS 1st Half Dec‐18 July Dec‐19 July Dec‐18 Variance Amount (Rs.000) SALES Quantity 145,819 125,586 20,233 98.08 1,984,365 Price (in thousands) 93.56 98.08 (4.52) 145,819 (659,255) Net sales variance 1,325,110 COST OF SALES Quantity 145,819 125,586 20,233
Slide 6: Quantity and Price Variance – 2nd Quarter FY20 vs 1st Quarter FY20
QUANTITY AND PRICE VARIANCE – 2nd quarter FY20 VS 1st quarter FY 20 Dec‐19 Sept‐19 Variance Amount (Rs’000’) SALES Quantity 82,300 63,519 18,781 95.83 1,799,807 Price (in thousands) 91.80 95.83 (4.03) 82,300 (331,433) Net sales variance 1,468,374 COST OF SALES Quantity 82,300 63,519 18,781 (85.29) (
Slide 7: Sale Quantities
Sale Quantities Prime Bars 160,000 140,576 140,000 118,058 120,000 Quantities in Metric Tons 100,000 78,703 80,000 61,873 60,000 40,000 20,000 ‐ Half year FY 19 Half year FY 18 2nd Qtr FY 20 1st Qtr FY 20
Slide 8: Production Quantities – Dhabeji and Shershah Rolling Mills
Production Quantities Dhabeji Rolling Mill Shershah Rolling Mill 70,000 66,278 120,000 60,000 99,347 100,000 Quantities in Metric Tons Quantities in Metric Tons 50,000 45,857 78,820 80,000 40,000 60,000 52,844 30,000 25,194 46,371 20,663 40,000 20,000 10,000 20,000 ‐ ‐ Half year FY 19 Half year FY 1
Slide 9: Production Quantities – Steel Melt Shop, SRM & DRM
Production Quantities Steel Melt Shop SRM & DRM Production 180,000 160,000 163,021 145,204 145,098 160,000 140,000 147,988 140,000 120,000 Quantities in Metric Tons Quantities in Metric Tons 120,000 100,000 100,000 84,120 80,000 73,507 78,900 71,565 80,000 60,000 60,000 40,000 40,000 20,000 20,000 ‐
Slide 10: Rupee Dollar Parity & Scrap Prices
Rupee Dollar Parity & Scrap Prices USD VS PKR SCRAP PER TON ‐ USD 170 400 165 350 160 300 Amount in Rupees 155 Price per ton 250 150 200 145 150 140 135 100 130 50 125 0
Slide 11: Capacity Utilization
Capacity Utilization 80% Up to Dec‐19 Up to Dec‐18 74% 74% Steel Melt Shop 70% Capacity (MT) 300,000 200,000 60% Production (MT) 163,021 147,988 54% 51% Utilization ‐ % 54% 74% 50% 47% Dhabeji Rolling Mill 40% 37% Capacity (MT) 212,500 212,500 30% Production (MT) 99,347 78,820 Utilization ‐ % 47% 37
Slide 12: IFRS Updates
IFRS Updates FY -20 During the half year ended December 31, 2019 we have adopted IFRS- 16 “ Leases” FY -19 During the half year ended December 31, 2018 we have adopted following two IFRSs; • IFRS – 9 “ Financial Instruments” • IFRS -15 “ Revenue from contracts with Customers”
Slide 13: Future Outlook
Future Outlook
Slide 14: Thank you
Thank you